The Pilgrims Dreamed of Socialism. Then Socialism Almost Killed Them.
Private property was the solution to their failed experiment. But people keep repeating the Pilgrims' mistakes.
Economics
A Possible Railroad Strike During the Holiday Season Would Risk $2 Billion Per Day
Four of the 12 unions representing workers on America's freight rail lines have voted to reject a new contract.
The Horseracing Case, Part 2: Private Delegation Before and After Schechter Poultry
The Supreme Court has never held that private delegations have any special unfavorable treatment under the Article I Nondelegation Doctrine: quite the opposite!
Poll: Republican Voters Were Mad About Inflation, Not Trans People
It's still the economy, stupid.
Did Sam Bankman-Fried's Millions Buy the Media's Loyalty?
The mainstream coverage of SBF and FTX is more than a little blasé.
The Horseracing Case and How It Misunderstands Private Delegation
Despite a recent Fifth Circuit case, there is no private nondelegation doctrine.
Great Moments in Unintended Consequences: Antwerp Siege, Hearth Taxes, Cash for Clunkers (Vol. 9)
Good intentions, bad results.
Republicans Need an Actual Plan To Grow the Economy
The biggest beneficiaries of economic growth are poor people. But the deepest case for economic growth is a moral one.
FTX Meltdown and the Future of Crypto: Live With Kraken Co-Founder Jesse Powell
The co-founder of the crypto exchange Kraken will join Reason's livestream Thursday at 1 p.m. Eastern to discuss the downfall of Sam Bankman-Fried and his company, FTX.
Will Congress Manage To Pass Marijuana Reform During the Lame-Duck Session?
Legalization is unlikely in the foreseeable future, but banking reform and expungement could be feasible.
Biden's 'Made In America' Plan Is Bullying Homeowners Off Their Land to Build a Taxpayer-Subsidized Chip Plant
The president has touted a factory jobs boom. In practice, that means forcing people out of their homes to benefit corporate projects that rely on billions of dollars of subsidies.
California's Vaping Flavor Ban Could Be Lethal
By making e-cigarettes less appealing, it will discourage smokers from switching to a much less hazardous nicotine habit.
Balkinization Symposium on Andrew Koppelman's "Burning Down the House: How Libertarian Philosophy Was Corrupted by Delusion and Greed"
Participants include Jonathan Adler, Richard Epstein, Christina Mulligan, and myself, among others.
The Case for 50 Percent Open Borders
A call for restricting immigration accidentally makes the case for radical liberalization.
We Are Going to the Moon
Thanks to the rise of private spaceflight companies, mankind will have a future off-Earth.
As Private Space Travel Grows, so Will the Insurance Market
One insurance company started offering a space travel policy last year.
So Long, Soyuz: Russia Is Leaving the International Space Station
Privatization can free orbital innovation from ground-bound politics.
Robert Heinlein's Dream of Private Space Travel Is Coming True
A new generation of companies has made space travel affordable.
Washington Has Been Much More Successful Than California in Displacing the Black Market for Pot
Lighter regulation is one likely explanation.
Bankrupt Crypto Exchange FTX Under Investigation
Plus: Democrats retain control of Senate, RIP Sharon Presley and Martin Wooster, and more...
Maybe Republicans Need a Policy Agenda After All?
The GOP has hit the dead end of Trump-style personality-cult populism. It's time to try having ideas.
Biden's Student Loan Forgiveness Plan Is Unconstitutional, Says Federal Judge
Plus: Users surge on decentralized social media platform Mastodon, the fall of city drugstores, and more...
Black Panther: Wakanda Forever Is Ambitious but Disappointing
There's real grief in this superhero sequel. But it falls prey to too many Marvel movie problems.
Farm Subsidies and Food Stamps Won't Fix High Grocery Prices. Innovation Will.
With government meddling, many farmers end up doing less with more, and people end up paying more for less.
Reports of Facebook's Immortality Are Greatly Exaggerated
Critics have said for years that Facebook is a monopoly that can only be killed by federal regulation. Meanwhile, the platform bleeds users, its stock price is plummeting, and it just announced its first-ever round of layoffs.
Impersonators Are Already Running Amok Under New Twitter Rules
Plus: "you can't spoil what's already rotten," inflation stayed high in October, Election 2022 takeaways, and more...
Worries About Inflation Didn't Stop Voters From Approving Minimum Wage Increases
A minimum wage increase passed in Nebraska and appears to have done the same in Nevada. In D.C., tipped workers will get a possibly unwelcome increase as well.
Teachers Unions Spent $22 Million Backing Massachusetts 'Millionaire's Tax'
The constitutional amendment is an attempt to undermine the state's flat income tax system.
This Professor Was Fired for Her Political Speech. Now, She's Getting Her Job Back.
Collin College fired Suzanne Jones in 2021, after she voiced support for union activity and the removal of Confederate monuments.
Free Trade Would Boost the Economy, But It's Not on the Ballot
Joe Biden adopted his predecessor’s protectionism, threatening our peace and prosperity.
A GOP-Led Congress May Focus on Owning the Libs. Instead, It Should Focus on Owning Inflation.
If the midterms favor Republicans, their top priority needs to be the fight against inflation—whether or not they feel like they created the problem.
White House Deletes Tweet Praising Biden for Inflation
In a now-deleted tweet, the official White House Twitter account attempted to frame a mandated cost-of-living increase in Social Security checks as the result of President Biden's good "leadership."
Illinois Voters Asked Whether To Give Government Unions Veto Power Over Laws They Don't Like
Amendment 1 would grant public workers collective bargaining power over just about anything that affects them, ignoring the will of voters and lawmakers.
Twitter Was Already a Hellscape Even Before It Was Set Free
Plus: For Halloween, the editors describe what scares them most about politics and government right now.
Don't Bet on Inflation Going Away Soon
"The history of developed countries since 1970 is very discouraging about the prospects of bringing down 8 percent inflation," says Larry Summers.
Are Socialists Taking Over? Interview With Whole Foods' John Mackey
"I have muzzled myself ever since 2009....Pretty soon you're going to be hearing about Crazy John, who's no longer muzzled."
Latest GDP Numbers Aren't Calming Recession Fears
The U.S. Bureau of Economic Analysis reports that GDP grew 0.6 percent in the third quarter of 2022.
The 'Experts' Were Never Going To Fix Inflation
The idea that the Fed has the knowledge necessary to control the economy with perfectly calibrated policies was always an illusion.
Biden and Journalists Agree: Republicans Would Deliberately 'Crash' the Economy
But…does that make any sense?
My New The Hill Article on How Arlington, VA Battle over "Missing Middle" Housing is a Microcosm of Broader National Struggle Against Exclusionary Zoning
Barack Obama could have been referring to our community, when he said that “[t]he most liberal communities in the country aren’t that liberal when it comes to affordable housing.”
New Prime Minister Rishi Sunak Will Probably Disappoint Fans of Free Markets
After 50 days, Liz Truss is out as the U.K. prime minister and Rishi Sunak is in.
Blame Qatar's Illiberal Migrant Labor Laws for Its Mounting World Cup Death Toll
Thousands of people from Bangladesh, India, Nepal, Pakistan, and Sri Lanka have died while working on enormous infrastructure projects in the lead-up to the 2022 FIFA World Cup.
Is Free Market Ideology Hurting the Economy?
A livestreamed debate between Binyamin Appelbaum and Gene Epstein
When Karl Marx Made the Case for Capitalism
In barely a century, capitalism led to more productivity "than have all preceding generations together," Marx and Friedrich Engels argued.
Consumer Financial Protection Bureau
Why the Consumer Financial Protection Bureau's Funding Structure Is Unconstitutional
The Fifth Circuit Court of Appeals is right to notice that the CFPB is unique even among federal agencies that don't get their funding from Congress.
